Water isn't fuel. Water is ash. Just like the fumes that come from the tail pipe of your car are ash.
You can't get energy from ash - ash is what's left after the fuel has given up its energy.
Of course, you can convert water into hydrogen fuel by pumping in vast quantities of electrical energy - but you lose a significant amount of energy in the process, and you lose a heck of a lot more getting the hydrogen to do anything useful for you.
Een the cutting torch he shows in that vid is pretty useless except for demonstrations. It's got a ridiculously high flame temperature so it's very difficult to control the cut, the flame is very light and contains very little energy so it can't cut lumps (only thin sheets), the flame is virtually invisible so is potentially dangerous, the gas is a lot more explosive than alternatives like acetylene, and the hydrogen in the flame damages the metal if you use it for welding.
This technology has been around for decades and decades - it has found use in a few niches (e.g. very fine torches for jewellers, where cylinders of gas would be impractical - even then the torch has to spray additives into the flame to make the flame controllable). If it was genuinely useful, it would have taken off long ago.